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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Jordan who wrote (28041)	8/9/1999 1:00:00 PM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Huge auctions in the pipe line that is one of the cause,the prices have been bid higher lot of corporate coming for refinancing and traders never miss this chance, buy the bond here and by the end of the week you will be better off. It is not flight to quality otherwise $ would be hurt and European markets would have not seen a close on positive note today.. TYX at 6.30 area which I expect it to hit will be like Gold above 500$, like ANY one who sold it that level made a great return most likely anyone who is long treasury in these bands of 6.20-6.35 would do great in long term. Treasury would ceretainly compete with the equities rising yields are intially more attractive however once that rarity of paper cpmes into play and possibility of disapearance of paper in next few years as US debt is retired the consequences would be that Fed would have to depend on inferior paper to monitor monetary policy, the institutions are right now sitting pretty tight but soon these higher yields yields will be thing of the past, US debt buy back has major far reaching consequences, they will hoard TB's, premiums will increase as banks who are concerned about preservation of capital will own the most liquid and securest of investment. TB's for me are a commodity that is going to become rare very soon.. the surpluses will take TYX yields lower in medium to long term. Instead of Gold now is the time to hoard soon to disappear US treasury bills, one big advantage over gold this paper unlike gold gives great returns. Great investment for your core accounts.. you make returns and capital gains as yields drop for me the bottom is 113... it can go to 112 but overall anyone investing at these levels would do great..